Building new tech hubs across America would jump start the economy, these MIT professors say
WASHINGTON — The modern American economy was shaped by four major infrastructure initiatives, each of which was too big for the private sector to take on alone: the continent-wide railroad network, the interstate highways, the air traffic control system, and the Internet.
The best way to regain that edge is to prioritize our public investments in a forward-looking manner, one that engages people and places across the U.S. in the processes that generate new ideas and breakthrough products. Policy makers could also work to improve transportation links between the rest of the country and these hubs of economic activity. But while high-speed trains work well in China and Europe, efforts to deploy them in the United States have gone precisely nowhere in recent decades. Expanding air routes could help some places, but the most dynamic cities already have crowded air space and a great deal of noise pollution.
They include places like Rochester, N.Y., ; Ames, Iowa ; Huntsville, Ala., ; Orlando, Fla., ; and Baton Rouge, La.,. Spillover effects Creating new basic knowledge involves spillover effects: because no one person or company can capture the full benefits, all private-sector entities will tend to underinvest. Broader social benefits can be promoted by local and state government, and there is some terrific work underway, including in the cities mentioned above.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Miami, Florida is a springboard for Latin America tech start-ups: PitbullCNBC's 'Power Lunch' team is joined by musician and entrepreneur Pitbull and Miami, Florida Mayor Francis Suarez to discuss how Miami is an upcoming start-up hub for technology companies.
Read more »
A Google Scion Is Starting A New Publication With A Focus On International Tech IssuesSophie Schmidt, the daughter of a billionaire Google executive, is founding a nonprofit that will cover “the surprising and complex effects of technology outside the US and Europe,” with plans to launch by the end of the year.
Read more »
Burger King is rolling out the vegan Impossible Whopper across AmericaBurger King's vegan burger, the Impossible Whopper, is taking over America.
Read more »
This company will pay someone $10,000 to travel across America and CanadaThe winner of the Behr paint contest will get a $20,000 trip across the U.S. and Canada, plus a $10,000 stipend, all to find paint color inspiration.
Read more »
Silicon Valley's health-tech start-ups need to stop getting in so much troubleInstead of fixing the health system, Silicon Valley start-ups just keep inviting controversy.
Read more »
The oil-reliant United Arab Emirates is betting big on tech start-ups and A.I.Abu Dhabi authorities have launched a $272 million scheme to attract and develop technology start-ups.
Read more »
Jews most targeted group in New York City in 2018 as anti-semitic assaults doubled across America: StudyThe Anti-Defamation League's annual audit reported 1,879 anti-Semitic incidents against Jews and Jewish institutions across the U.S. in 2018.
Read more »
Bitcoin jumps as much as 6 percent to new six-month highBitcoin jumped to a new six-month high on Friday in a move that traders said was...
Read more »
Satellite data shed new light on North Korea’s opaque economyThe country’s nocturnal luminosity fell by 40% from 2013-15
Read more »
Amazon plans to create 400 tech jobs in Denver with new office expansionAmazon announced it will expand its Denver Tech Hub and double its tech workforce in the area.
Read more »
Tech Executive Charts Old and New Path Toward Vice PresidencySan Francisco tech executive David Blake is running for vice president and wants to spark a change by bringing back the days of electing the veep by popular vote.
Read more »